Bupa Investments to raise its stake in Bupa Arabia

The deal is valued at $134.4mln

  

Riyadh –  Bupa Investments Overseas Limited (BIOL) is planning to increase its shareholding in Bupa Arabia from 39.25% to 43.25%.

The company reached an agreement to acquire part of Nazer Group’s stake in Bupa Arabia, according to a statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

The additional 4% stake has been priced at SAR 105 per share with a total value of SAR 504 million.

Source: Mubasher

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